ICmarkets

GBPAUD Approaching Support, Potential Bounce!

Long
OANDA:GBPAUD   British Pound / Australian Dollar
GPDAUD is approaching support at 1.7404 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swimg low support) where price could potentially rise to its resistance at 1.7614 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 1.71% where a corresponding rise could occur.

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